NOT LISTED FOR SALE

786 University Ave Palo Alto, CA 94301

Crescent Park Neighborhood

Estimated Value: $1,450,000 - $1,733,000

2 Beds
2 Baths
1,313 Sq Ft
$580/mo HOA Fee

Last Sold April 25, 2022

Last sale price $1,500,000 $1,142 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $10,579/month

5 Days on Market

Highlights

  • Primary Bedroom Suite
  • Quartz Countertops
  • Walk-in Shower
  • Addison Elementary School Rated A+
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of April 2022

Superbly located blocks from downtown Palo Alto, this 2-bedroom, 2-bath residence with its gleaming vintage hardwood floors enjoys large windows and an open layout. Brand-new upgrades throughout complement the original mid-century contemporary style. The revamped kitchen with its own entrance features new quartz counters, flooring, and lighting. Sliders from the living area lead to a charming front patio. The huge primary suite has enough room for a work-from-home or exercise area, along with its own rear patio and an upgraded en-suite bath. This condo also features an in-unit washer and dryer, plenty of storage, and assigned garage parking. Villa Capri Aire is a sought-after boutique condominium with only four units per building, delightful gardens, and a cascading fountain. Its location is near all the great restaurants downtown Palo Alto offers, plus parks, museums, the farmers market, and more. Commuting is a breeze with easy access to CalTrain and US-101.

Last Agent to Sell the Property

Caroline Huo

KW Advisors License #01419566 Listed on: 03/18/2022

KW Advisors

Last Buyer's Agent

Hebe Li

Coldwell Banker Realty License #02024787

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,219

Year Built

  • 1958

Lot Details

  • 1,350

HOA Fees

  • $580 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 1,313 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Laundry in unit

Kitchen

  • Electric Oven
  • Microwave
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Dual Sinks
  • Walk-in Shower

Utilities

  • Forced Air Heating System

Community Details

Overview

  • Association fees include insurance - common area, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, reserves, roof
  • 25 Units
  • Villa Capri Aire Association

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$19,219

Year Built

1958

Lot Details

0

HOA Fees

$580 per month

Parking

1

Listing Details

  • Zoning: RM3
  • Subclass: Condominium
  • Restrictions: Pets - Restrictions
  • Age: 64
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 25
  • Structure Sq Ft: 1313
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1958

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area
  • Kitchen: Countertop - Quartz, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1313
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Laundry: Inside
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Stall Shower - 2+, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter And Slab

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Common Parking Area, Detached Garage, On Street

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • Complex Name: Villa Capri Aire
  • HOA Fees: 580
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Roof
  • HOA Exist: Yes
  • H O A Name Text: Villa Capri Aire

Schools

  • School District: Palo Alto Unified

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2018
Sold by
Yoshitake Mark
Bought by
Yoshitake Mark and Yoshitake Mari
Current Estimated Value
$1,552,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,000
Outstanding Balance
$456,980
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$982,309

Purchase Details

Closed on
Feb 16, 2005
Sold by
Metz Kevin H and Thorpe Nicole L
Bought by
Yoshitake Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$536,800
Interest Rate
4.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 28, 2003
Sold by
Mehta Pawan and Mehta Anupriya
Bought by
Metz Kevin H and Thorpe Nicole L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.75%

Purchase Details

Closed on
Jan 7, 2002
Sold by
Vail Paula L
Bought by
Mehta Pawan and Mehta Anupriya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6.37%

Purchase Details

Closed on
Aug 20, 2001
Sold by
Larson Helen C
Bought by
Vail Paula L

Purchase Details

Closed on
Mar 13, 1997
Sold by
Larson Paul J and Larson Helen C
Bought by
Larson Paul J and Larson Helen C
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Yoshitake Mark -- None Available
Yoshitake Mark $671,000 North American Title Company
Metz Kevin H $500,000 First American Title Company
Mehta Pawan $435,000 First American Title Co
Vail Paula L -- --
Larson Paul J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yoshitake Mark $529,000
Closed Yoshitake Mark $547,000
Closed Yoshitake Mark $536,800
Previous Owner Metz Kevin H $400,000
Previous Owner Mehta Pawan $62,000
Previous Owner Mehta Pawan $285,000
Closed Metz Kevin H $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2022 04/25/22 Sold $1,500,000 +1.7% $1,142 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $1,475,000 -- $1,123 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,219 $1,591,812 $795,906 $795,906
2024 $19,219 $1,560,600 $780,300 $780,300
2023 $18,933 $1,530,000 $765,000 $765,000
2022 $11,429 $881,355 $396,541 $484,814
2021 $11,205 $864,074 $388,766 $475,308
2020 $10,985 $855,215 $384,780 $470,435
2019 $10,860 $838,447 $377,236 $461,211
2018 $10,494 $822,008 $369,840 $452,168
2017 $10,308 $805,891 $362,589 $443,302
2016 $10,033 $790,090 $355,480 $434,610
2015 $9,929 $778,223 $350,141 $428,082
2014 $9,663 $762,980 $343,283 $419,697
Source: Public Records

Agents Affiliated with this Home

  • Caroline Huo

    Seller's Agent in 2022

    Caroline Huo

    KW Advisors

    (650) 558-6846

    1 in this area

    115 Total Sales

    Caroline Huo
    Section Image

  • H

    Buyer's Agent in 2022

    Hebe Li

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81883063

MLSListings

APN: 003-02-074

California Santa Clara County Palo Alto 94301 Crescent Park

786 University Ave, Palo Alto, CA

This home is located at 786 University Ave, Palo Alto, CA 94301 since 18 March 2022 and is currently estimated at $1,552,955, approximately $1,182 per square foot. This property was built in 1958. 786 University Ave is a home located in Santa Clara County with nearby schools including Addison Elementary School, Frank S. Greene Jr. Middle, and Palo Alto High School.

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